DIEM vs. TDEC
DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - DIEM is a Emerging Markets Equities fund tracking the Morningstar Emerging Markets Dividend Enhanced Select Index, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past year, DIEM returned 41.57% vs 18.15% for TDEC. Their correlation of 0.92 means they have usually moved in the same direction. DIEM charges 0.19%/yr vs 0.95%/yr for TDEC.
Performance
DIEM vs. TDEC - Performance Comparison
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Returns By Period
In the year-to-date period, DIEM achieves a 24.05% return, which is significantly higher than TDEC's 8.27% return.
DIEM
- 1D
- 0.86%
- 1M
- -1.21%
- 6M
- 14.49%
- YTD
- 24.05%
- 1Y
- 41.57%
- 3Y*
- 23.29%
- 5Y*
- 11.34%
- 10Y*
- 8.16%
- ALL TIME*
- 8.74%
TDEC
- 1D
- 0.45%
- 1M
- 0.74%
- 6M
- 4.07%
- YTD
- 8.27%
- 1Y
- 18.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.97M | $1.53M | $960.12K | |
| $55.89K | $75.20K | $190.42K |
DIEM vs. TDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 24.05% | 30.81% | -0.58% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 8.27% | 21.39% | -0.75% |
Correlation
The correlation between DIEM and TDEC is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024 | 0.92 |
The correlation between DIEM and TDEC has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
DIEM vs. TDEC — Risk / Return Rank
DIEM
TDEC
DIEM vs. TDEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) and FT Vest Emerging Markets Buffer ETF - December (TDEC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIEM | TDEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.16 | +0.87 |
| Martin ratioReturn relative to average drawdown | 9.86 | 8.78 | +1.08 |
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Drawdowns
DIEM vs. TDEC - Drawdown Comparison
The maximum DIEM drawdown since its inception was -38.61%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for DIEM and TDEC.
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Drawdown Indicators
| DIEM | TDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.61% | -10.30% | -28.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -8.16% | -5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.61% | — | — |
Current DrawdownCurrent decline from peak | -9.21% | -1.58% | -7.63% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -1.12% | -8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.01% | +2.16% |
Volatility
DIEM vs. TDEC - Volatility Comparison
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a higher volatility of 8.98% compared to FT Vest Emerging Markets Buffer ETF - December (TDEC) at 3.54%. This indicates that DIEM's price experiences larger fluctuations and is considered to be riskier than TDEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIEM | TDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.98% | 3.54% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 10.30% | +10.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.81% | 11.07% | +11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 11.98% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 11.98% | +6.06% |
DIEM vs. TDEC - Expense Ratio Comparison
DIEM has a 0.19% expense ratio, which is lower than TDEC's 0.95% expense ratio.
Dividends
DIEM vs. TDEC - Dividend Comparison
DIEM's dividend yield for the trailing twelve months is around 2.99%, while TDEC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 2.99% | 2.99% | 4.92% | 4.45% | 6.31% | 4.06% | 2.75% | 5.98% | 3.87% | 2.61% | 0.35% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, DIEM and TDEC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DIEM has higher volatility (8.98%) compared to TDEC (3.54%). In terms of maximum drawdown, DIEM dropped -38.61% vs TDEC's -10.30%.
On 1-year performance, DIEM leads with 41.57% vs 18.15% for TDEC. On fees, DIEM is cheaper at 0.19% per year. On volatility, TDEC has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIEM has performed better with a 41.57% return vs 18.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIEM is cheaper with a 0.19% expense ratio, compared with 0.95% for TDEC.
DIEM has the higher dividend yield at 2.99%, compared with 0.00% for TDEC.
DIEM is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index, while TDEC tracks MSCI Emerging Markets. They also come from different issuers: Franklin Templeton and FT Vest. Their fees differ too: 0.19% for DIEM and 0.95% for TDEC.
DIEM currently has the higher Sharpe Ratio (1.81 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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